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<p>The Prosperity Fund’s energy related initiatives do not directly finance oil and
gas exploration or production. They aim to help create policy and business environments
that strengthen energy markets and encourage investment, in turn improving energy
security and enabling faster transition to cleaner energy and greater energy efficiency.</p><p>
</p><p>In 2018, the Prosperity Fund spend approximately £360,000 ODA and £246,000
non-ODA on projects relevant to the oil and gas sector. For comparison, the total
Prosperity Fund planned spend for financial year 2018/19 is around £120m ODA and around
£10m non-ODA</p>
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